This property looks like a bad Long-Term investment with a projected -18.22% first-year return on $146k initial cash invested.
-18.22%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$3,829
Rent
-$2,216
Cashflow
Cash Flow
$3,829 income − $6,045 expenses = $2,216 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,829
Total Expenses
$6,045
Mortgage P&I
95%
$3,631
Property Taxes
26%
$1,002
Home Insurance
6%
$243
HOA
5%
$174
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0